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An ad hoc committee of the House of Representatives has summoned stakeholders in the Lagos International Trade Complex (LITC) concession over unrecovered N6.5 billion.
The committee that is investigating the lease of Federal Government owned assets made the resolution sequel to a unanimous adoption of a motion by Rep. Sani Bala (APC-Kano state) at a public hearing on Tuesday in Abuja.
The stakeholders include the Economic and Financial Crimes Commission (EFCC) Bureau of Public Procurement (BPP) the Lagos International Trade Complex, Aulic Nigeria Ltd, Plaza Owners Association among others.
Earlier, the Director of Admin and Human Resources in LITC, Mr Francis Dajilak told the committee that the complex was concessioned to Aulic Nigeria Ltd in 2007.
He said that five major stakeholders including the Department of Security Service (DSS) existed in the complex before the concession.
Dajilak explained that after the concession, there were issues between the existing stakeholders and the Aulic which delayed the implementation till 2008.
The director said that between 2008 and 2017 when the contract was terminated, Olic did not remit funds to Federal Government as agreed in the contract.
According to him, between 2008 and 2017 when the contract was terminated, Aulic Nigeria Ltd was owing to a tone of N6.5 billion.
The counsel said that some big businessmen operating in the complex had relocated to neighbouring countries as a result of bad management.
In his ruling, the Chairman of the Committee, Rep. Dan Asuqu (PDP-Cross River) said that the committee was interested in recovering the funds.
The chairman said that the committee is also interested in generating funds for the government saying all will be done to ensure government makes more than N12 billion annually from the complex.
